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Tuesday, December 13, 2016 12:48:32 PM
A. Clearly some penny flippers who got in low and / or expected a pop sold out which is normal and expected. Most of these people are Chartists and buy on that with little understanding of fundamentals and when things don't work out the way their chart says, they sell.
B. I have also noticed a lot of very small trades "hitting the bid" regularly after the stock has moved up. By small I mean EXTREMELY small. 2000-5000 shares = $80-$200 value
C. It seems to me, either a MM or a very weak player is trying to create an illusion of weakness in the stock. 80 -200$ trades hitting the bid on a regular basis. is not the sign of weakness
Very interesting
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